Silver Oak Securities Incorporated Acquires 271 Shares of Tesla, Inc. (NASDAQ:TSLA)

Silver Oak Securities Incorporated boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,739 shares of the electric vehicle producer’s stock after buying an additional 271 shares during the period. Silver Oak Securities Incorporated’s holdings in Tesla were worth $2,813,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in Tesla during the third quarter valued at about $29,000. Peterson Financial Group Inc. purchased a new stake in Tesla during the third quarter valued at about $35,000. Finley Financial LLC purchased a new stake in Tesla during the fourth quarter valued at about $64,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Tesla by 692.6% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 214 shares of the electric vehicle producer’s stock worth $56,000 after buying an additional 187 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of Tesla in the fourth quarter worth about $91,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $350.73 on Tuesday. The business’s fifty day simple moving average is $408.27 and its two-hundred day simple moving average is $304.55. The company has a market cap of $1.13 trillion, a price-to-earnings ratio of 171.93, a P/E/G ratio of 6.22 and a beta of 2.34. The company has a current ratio of 2.02, a quick ratio of 1.61 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.08). Tesla had a return on equity of 10.31% and a net margin of 7.26%. Research analysts anticipate that Tesla, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $1,903,716. This trade represents a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 75,000 shares of Tesla stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $367.87, for a total value of $27,590,250.00. Following the completion of the transaction, the director now owns 1,463,220 shares of the company’s stock, valued at approximately $538,274,741.40. This represents a 4.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 635,776 shares of company stock worth $231,335,112. Corporate insiders own 20.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TSLA shares. Morgan Stanley lifted their price objective on Tesla from $400.00 to $430.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price objective on the stock in a report on Thursday, October 24th. Wedbush lifted their price objective on Tesla from $515.00 to $550.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a report on Friday, January 3rd. Finally, Phillip Securities downgraded Tesla from a “moderate sell” rating to a “strong sell” rating in a report on Wednesday, November 13th. Nine investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $321.71.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.